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26 April 2019 | 5 replies
BiggerPockets has a pretty solid lease that is attorney approved for your state.
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26 April 2019 | 1 reply
Anyone Know A Title Attorney near the North Atlanta Area who is familiar with assignments and double closes???
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11 May 2021 | 19 replies
Now I have to consult my attorney about creating the S Corp, have my LLC deed the properties to the S Corp, and make sure I am not required to pay off the loans the LLC has when I deed the properties to the S Corp.
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26 April 2019 | 2 replies
You can quickly find here in the forums not only an agent, but also general contractors, property managers, real estate attorneys, and so on.
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29 April 2019 | 6 replies
(filing with state, operating agreement created by attorney, and initial funding of business account.For a first purchase, this worked out wonderfully!
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18 December 2018 | 2 replies
We field 10+ questions per week from someone who established such a plan and has no idea what they have, how to use it, or where to get help (other than @ $400/hour with a tax attorney).
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18 December 2018 | 2 replies
And the larger landlords are stuck paying attorneys thousands, many of whom do not really know exactly what they're doing either.
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21 December 2018 | 2 replies
How much tenant improvements needed, free rent, attorney legal fees, tenant broker leasing commissions paid, etc. ?
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29 December 2018 | 13 replies
: 1) buy the house by using $50k in cash from a HELOC2) get an invoice from a contractor for the $15k in rehab costs before closing and put the $15k in escrow with your closing attorney in charge of the escrow3) on the HUD1 settlement statement, enter the $50k purchase price on line 101 as the "contract sales price", enter the $15k on line 103 as "settlement charges to buyer", and the total of $65k on line 120 as "gross amount due from buyer"4) the property gets rehabbed and the contractor gets paid through the escrow as the work is completed.5) get a tenant placed in the property after rehab is completed6) get financing on your property for the lesser of a) 75% of the ARV which is $67,500 or b) the "gross amount due from buyer" per line 120 on the HUD1 settlement statement which is $65k7) so overall, you get your $65k cash back out through a mortgage that is based on the "gross amount due from buyer" per line 120 on the HUD1 settlement statement8) you now have a rental property with a tenant paying your monthly mortgage and you essentially have no money left in the deal@Andrew Postell I read your other post, which was fantastic.
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19 December 2018 | 5 replies
Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.